FormFactor, Inc. (NASDAQ:FORM) CFO Michael M. Ludwig sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $12.73, for a total transaction of $381,900.00. Following the completion of the sale, the chief financial officer now directly owns 270,387 shares of the company’s stock, valued at $3,442,026.51. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of FormFactor, Inc. (FORM) traded down $0.20 during mid-day trading on Friday, reaching $12.85. 584,714 shares of the company’s stock were exchanged, compared to its average volume of 804,726. FormFactor, Inc. has a twelve month low of $10.45 and a twelve month high of $18.65. The company has a market cap of $932.04, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. The company has a quick ratio of 2.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.20.
Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its position in shares of FormFactor by 105.4% during the 3rd quarter. Advisor Group Inc. now owns 9,566 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 4,909 shares during the period. SG Americas Securities LLC bought a new position in shares of FormFactor during the 3rd quarter valued at approximately $172,000. Gotham Asset Management LLC bought a new position in shares of FormFactor during the 2nd quarter valued at approximately $140,000. BlueCrest Capital Management Ltd bought a new position in shares of FormFactor during the 4th quarter valued at approximately $179,000. Finally, Thompson Davis & CO. Inc. bought a new position in shares of FormFactor during the 4th quarter valued at approximately $186,000. 82.93% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on FORM shares. Needham & Company LLC raised shares of FormFactor from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $20.00 to $22.00 in a research report on Thursday, December 14th. BidaskClub downgraded shares of FormFactor from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective (up from $20.00) on shares of FormFactor in a research report on Thursday, November 2nd. Citigroup reduced their price objective on shares of FormFactor from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Finally, Zacks Investment Research downgraded shares of FormFactor from a “hold” rating to a “sell” rating in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.00.
FormFactor, Inc is a provider of test and measurement solutions. The Company’s segments include the Probe Cards segment and Systems segment. The Company designs, manufactures and sells multiple product lines, including probe cards, analytical probes, probe stations, integrated measurement systems, thermal sub-systems, reliability test systems, and related services.
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